India: Retail inflation up by about 3% in April
New Delhi, May 13; GANASHAKTI: India’s retail inflation inched up in April to 2.92% from 2.86% a month ago, even though it remained well within the target of the Reserve Bank of India (RBI). Modest inflation and growing concern over growth may force the RBI to go for another round of rate cut in June.
Vegetable price inflation which turned positive last month grew 2.87% in April, while overall food and beverages inflation stood at 1.38% during the month.
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